Kampala, Uganda | THE INDEPENDENT | Diamond Trust Bank (DTB) Uganda, Airtel Money, and Credable Group have signed a tripartite agreement to enhance financial inclusion in Uganda with the introduction of a mobile-based consumer banking solution called Kwasa Kwasa. This collaboration enables Airtel Money customers to instantly access affordable, short-term loans …
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Kampala, Uganda | THE INDEPENDENT | Housing Finance Bank has emerged as a standout winner at the World Economic Magazine Awards 2024, receiving two prestigious accolades: Best Mortgage Loan Bank Uganda 2024 and Best Customer Service Bank Uganda 2024, it said in a press release. The World Economic Magazine Inc. Awards …
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Kampala, Uganda | THE INDEPENDENT | Uganda has joined the international chorus urging for the reform of international financial architecture. The Deputy Secretary to the Treasury, Patrick Ocailap says reforming the international financial architecture is imperative to give developing countries like Uganda a fair chance to turn its immense potential into …
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Kampala, Uganda | THE INDEPENDENT | Stanbic Bank has announced a new facility that will enable its customers to access an unsecured loan of up to 350 million without any arrangement fees. The campaign dubbed Oil Sorted will be running for the next ninety days. The unsecured loan also covers the …
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Kampala, Uganda | AGENCIES | Telecom firm, Airtel Africa is in talks for a $200 million loan from the International Finance Corporation (IFC), the World Bank’s arm focused on financing private sector ventures in emerging markets. The African subsidiary of Bharti Airtel plans to utilize the funds to cover its capital …
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African Development Bank to fund the construction of the Laropi-Moyo-Afoji and Katuna-Muko-Kamuganguzi road Kampala, Uganda | ISAAC KHISA | Uganda has secured a US$252bn (Approx. Shs 958bn) loan from the African Development Bank to fund the construction of the Laropi-Moyo-Afoji and Katuna-Muko-Kamuganguzi road. The lender’s board of directors approved the loan …
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Wobulenzi , Uganda | THE INDEPENDENT | Wobulenzi Public Primary School in Luweero district is at risk of sale because of failure to service a loan that was marred by irregularities, the LC V chairperson, Erastus Kibirango has revealed. Two weeks ago, Equity Bank announced the takeover of the public primary school over …
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A comprehensive and strategic approach to address the concerns raised by the global bank should be developed COMMENT | SIMON M. MUTUNGI | On Aug.08, the World Bank announced that it is halting new loans to Uganda over the country’s controversial Anti-Homosexuality Act (AHA). The United States-based development financier said the …
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Kampala, Uganda | THE INDEPENDENT | The government is seeking to get a new loan worth about US$300 million (UA 223.83) for the rehabilitation of the Malaba-Kampala meter gauge railway. This is according to the statements presented by the Ministry of Finance, Planning, and Economic Development, the Ministry of Works and …
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Kampala, Uganda | THE INDEPENDENT | The Higher Education Students’ Financing Board (HESFB) revealed that it will not receive applications for study loans for the academic year 2023/24. This was announced in a notice issued on Thursday by the HESFB executive director, Michael Wanyama. Wanyama attributed the decision to budget shortfalls, …
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